Sri Lanka's Inland Revenue Department (IRD) has issued the following two notices to taxpayers:
- Submission of Transfer Pricing (TP) Documentations of Master File and CbCR in Relation to the Return of Income - Year of Assessment 2019/2020; and
- Clarifications on Transfer Pricing Information in Relation to the Return of Income Year of Assessment 2019/2020.
The first notice provides that, considering the prevailing COVID19 pandemic in the country, the requirement to submit the Master file an…